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Novartis Gains 4%; BSE HEALTHCARE Index Down 0.2%
Mon, 14 Oct 10:29

Novartis Gains 4%; BSE HEALTHCARE Index Down 0.2%Image source: Eoneren/www.istockphoto.com

Novartis share price has zoomed 4% and is presently trading at Rs 1,081.0.

Meanwhile, the BSE HEALTHCARE index is at 44,361.7 (down 0.2%).

Among the top gainers in the BSE HEALTHCARE index today are POLY MEDICURE (up 5.4%) and HIKAL CHEMIC (up 2.4%).

ALEMBIC PHARMA (down 4.3%) and DR. LAL PATHLABS (down 2.4%) are among the top losers today.

Over the last one year, Novartis has moved up from Rs 717.1 to Rs 1,081.0, registering a gain of Rs 364.0 (up 50.8%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,004.5 to 44,361.7, registering a gain of 58.4% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 173.9%), Glenmark Pharma (up 127.5%) and SUVEN PHARMACEUTICALS (up 111.7%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,785.8 (up 0.5%).

The top gainers among the BSE Sensex today are L&T (up 1.7%) and HDFC Bank (up 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,104.0 (up 0.6%). Wipro and Shriram Transport are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,079.4 to 81,785.8, registering a gain of 15,706.4 points (up 23.8%).

Novartis Financial Update...

Novartis net profit grew 27.0% YoY to Rs 257 million for the quarter ended June 2024, compared to a profit of Rs 203 million a year ago. Net sales rose 1.9% to Rs 923 million during the period as against Rs 906 million in April-June 2023.

For the year ended March 2024, Novartis reported 17.6% decrease in net profit to Rs 852 million compared to net profit of Rs 1,034 million during FY23. Revenue of the company fell 11.5% to Rs 3,351 million during FY24.

The current Price to earnings ratio of Novartis, based on rolling 12 month earnings, stands at 29.4.

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